BlackBerry Sells Cylance Unit Arctic Wolf for $160 Million

The sale marks a significant loss for BlackBerry, which paid $1.4 billion for Cylance in 2018, as it pivots focus to more profitable business areas.

Arctic Wolf will acquire BlackBerry's Cylance endpoint security assets for $160 million, including $80 million in cash at closing, $40 million a year later, and 5.5 million Arctic Wolf shares.
BlackBerry's decision to sell Cylance comes after years of financial losses and challenges in keeping up with the competitive cybersecurity market.
The deal allows BlackBerry to retain its secure communications portfolio and continue reselling Cylance products, now integrated into Arctic Wolf's platform, to government clients.
Cylance, once seen as a cornerstone of BlackBerry's shift to software, struggled in an evolving market favoring threat detection and response solutions over traditional endpoint security.
The sale is expected to improve BlackBerry's financial profile by removing a loss-making unit and enabling greater focus on its IoT and secure communications divisions, including its growing QNX automotive software business.

BlackBerry Sells Cylance UnitArctic Wolf for $160 Million